US EditionIs the Credibility of the Bank of Mexico at Risk?
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Is the credibility of the Bank of Mexico at risk? Is inflation really controlled? If so, why do medium-term inflation expectations not fall? Would it not be wise to pause and underpin the credibility of the Bank of Mexico? The mandate of the Bank of Mexico is unique: to maintain low and stable inflation. To achieve it, in 2001 the central bank formally adopted an inflation target regime and in 2003 defined as a permanent target a general inflati…
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